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Swedish online casino games developer NetEnt AB has announced that it will be significantly reducing its workforce as a result of better-than-expected synergies with the Red Tiger Gaming Limited concern it purchased last autumn.78 million (.“With BetVictor’s growing international presence, this deal will allow us to service a range of markets and further expand our geographical reach....
36 million (.”For its part, BetVictor Director Quickening combination:NetEnt AB proclaimed that the redundancies are ‘being implemented to speed up the full integration’ of Red Tiger Gaming Limited and are to see ‘several functions’ relocated with the loss of some 120 full-time positions at its offices in Sweden and Malta....
The Stockholm-headquartered innovator used an official press release to declare that the changes are part of an ongoing restructuring that will allow it ‘to further strengthen competitiveness and increase efficiency’ after spending some ￡200 million (6.75 million) in September so as to acquire the complete shareholding of Red Tiger Gaming Limited.68 million) beginning from the second half of the year....
Shareholder strength:The developer asserted that these exercises are to result in its issued share capital rising by around 2.49 million (.12 million)....
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